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The Seattle mortgage lender's agreements to buy two small banks would give it more commercial lending expertise and put it in the company of other banks like Sterling Financial and AmericanWest that are engaged in M&A-driven makeovers.
July 31 -
HomeStreet in Seattle plans to buy two small Washington lenders for a total of $37.3 million.
July 26 -
The SEC is still working on rules for compensation clawbacks, but some banks have adopted stricter policies in response to pressure from activist shareholders like the New York City comptroller's office.
April 30
HomeStreet (HMST) in Seattle has expanded its mortgage business in the Golden State, opening six offices in Northern and Central California.
The new home loan centers are located in Napa, Fairfield, Sonoma, Elk Grove, Campbell and Carmel Valley, the $2.8 billion-asset firm announced Thursday. HomeStreet opened its first California home loan center in Pasadena this February.
"We believe these new locations reflect strong housing markets and economies that provide HomeStreet with a significant opportunity to further expand our home loan business in California," executive vice president and single family lending director Rose Marie David said in a press release.
While mortgage banking has historically accounted for most of HomeStreet's earnings, the company has been
